Madison Investments, an funding advisor, launched its “Madison Mid Cap Fund” second-quarter 2025 investor letter. A duplicate of the letter could be downloaded right here. Within the second quarter, the fund (Class Y) returned 5.2% in comparison with the 8.5% improve for the Russell Midcap Index. As well as, please verify the fund’s high 5 holdings to know its greatest picks in 2025.
In its second-quarter 2025 investor letter, the Madison Mid Cap Fund highlighted shares resembling Brown-Forman Company (NYSE:BF-B). Brown-Forman Company (NYSE:BF-B) is an organization that engages within the manufacturing and distribution of alcoholic drinks. The one-month return of Brown-Forman Company (NYSE:BF-B) was -11.47%, and its shares misplaced 41.58% of their worth during the last 52 weeks. On September 19, 2025, Brown-Forman Company (NYSE:BF-B) inventory closed at $27.48 per share, with a market capitalization of $12.888 billion.
Madison Mid Cap Fund acknowledged the next concerning Brown-Forman Company (NYSE:BF-B) in its second quarter 2025 investor letter:
“We additionally bought our small place in Brown-Forman Company (NYSE:BF-B). Whereas liquor gross sales spiked through the Covid years, they’ve didn’t bounce again publish Covid, doubtless for a mixture of causes, together with a secular decline in liquor consumption among the many youthful age cohorts, weight reduction medication, more healthy way of life tendencies, and more and more relaxed hashish restrictions. Whereas we consider gross sales might finally rebound to some extent, these societal cycles can usually be elongated and final for years. Moreover, tariffs create plenty of uncertainty as American whiskey is commonly a focused export product, additional including to the danger profile.”
Brown-Forman Company (NYSE:BF-B) just isn’t on our record of 30 Most Well-liked Shares Amongst Hedge Funds. In line with our database, 37 hedge fund portfolios held Brown-Forman Company (NYSE:BF-B) on the finish of the second quarter, similar as 37 within the earlier quarter. Whereas we acknowledge the potential of Brown-Forman Company (NYSE:BF-B) as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back threat. For those who’re on the lookout for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
As well as, please take a look at our hedge fund investor letters Q2 2025 web page for extra investor letters from hedge funds and different main buyers.
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Disclosure: None. This text is initially revealed at Insider Monkey.
